Catholic Family Life Insurance in Milwaukee, Wisconsin (WI)

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Catholic Family Life Insurance
Employer Identification Number (EIN)390201010
Name of OrganizationCatholic Family Life Insurance
Address1572 E Capitol Dr, Milwaukee, WI 53211-1955
ActivitiesUnderwriting municipal insurance, Sick, accident, death, or similar benefits
SubsectionFraternal Beneficiary Society, Order or Association
Ruling Date12/1946
DeductibilityContributions are deductible
FoundationAll organizations except 501(c)(3)
Exempt Organization StatusUnconditional Exemption
Tax Period12/2009
Assets$50,000,000 to greater
Income$50,000,000 to greater
Filing Requirement990 (all other) or 990EZ return
Asset Amount$286,559,167
Amount of Income$100,209,111
Form 990 Revenue Amount$45,791,558
National Taxonomy of Exempt Entities (NTEE)Mutual/Membership Benefit Organizations, Other:

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Amount of income in 2009: $100,209,111
This organization: 

Other organizations performing similar types of work: 


Assets in 2009: $286,559,167
This organization: 

Other organizations performing similar types of work: 


Expenses in 2007: $32,117,610
This organization: 

Other organizations performing similar types of work: 


Income to expenses ratio in 2007: 1.0
Catholic Family Life Insurance: 

Other organizations performing similar types of work: 


Number of employees in 2007: 49
This organization: 

Other organizations performing similar types of work: 


Employees paid over $50,000 in 2007: 12.2%
This organization: 

Other organizations performing similar types of work: 


Grants share in income in 2007: 0.0%
Catholic Family Life Insurance: 

Other organizations performing similar types of work: 


Financial snapshot ($)

Revenue for 2007

Assets at end of 2007

Income-Producing Activities for 2007

Revenue, Expenses, and Changes in Net Assets or Fund Balances
Total revenue$31,001,032$31,247,130$38,194,203$53,797,444$44,392,749$38,614,536$33,053,515
Contributions, gifts, grants, and similar amounts received$0$0$0$0$0$0$0
Contributions to donor advised funds$0$0
Direct public support$0$0$0$0$0$0$0
Indirect public support$0$0$0$0$0$0$0
Government contributions (grants)$0$0$0$0$0$0$0
Program service revenue including government fees and contracts$15,668,867$17,274,471$26,702,366$38,624,110$28,408,548$21,960,914$16,461,051
Membership dues and assessments$0$0$0$0$0$0$0
Interest on savings and temporary cash investments$90,892$109,388$31,814$24,219$4,321$55,890$142,608
Dividends and interest from securities$7,748,640$7,793,765$8,421,893$9,359,612$10,035,002$10,017,566$9,598,557
Net rental income or (loss)$105,718$104,940$174,903$-103$0$0$0
Gross rents$105,718$104,940$174,903$0$0$0$0
Less: rental expenses$0$0$0$103$0$0$0
Other investment income$7,051,009$7,100,371$6,505,722$5,474,927$4,685,543$4,951,379$4,898,032
Gain or (loss) from sales of assets other than inventory$152,348$-1,358,442$-3,950,796$-149,809$5,125$-116,325$363,259
Gross amount from sales of assets other than inventory$15,415,562$43,125,126$51,337,991$65,148,292$47,665,985$42,604,380$37,555,509
Less: cost or other basis and sales expenses$15,263,214$44,483,568$55,288,787$65,298,101$47,660,860$42,720,705$37,192,250
Net income or (loss) from special events and activities$0$0$0$0$0$0$0
Gross revenue$0$0$0$0$0$0$0
Less: direct expenses other than fundraising expenses$0$0$0$0$0$0$0
Gross profit or (loss) from sales of inventory$0$0$0$0$0$0$0
Gross sales of inventory, less returns and allowances$0$0$0$0$0$0$0
Less: cost of goods sold$0$0$0$0$0$0$0
Other revenue$183,558$222,637$308,301$464,488$1,254,210$1,745,112$1,590,008
Total expenses$30,628,590$32,267,544$43,216,690$54,111,269$43,603,369$37,910,616$32,117,610
Program services$0$0$0$0$0$0$0
Management and general$0$0$0$0$0$0$0
Payments to affiliates$0$0$0$0$0$0$0
Net assets or fund balances at end of year$16,199,772$14,519,777$9,506,689$10,903,883$12,288,996$11,459,371$11,097,360
Excess or (deficit) for the year$372,442$-1,020,414$-5,022,487$-313,825$789,380$703,920$935,905
Net assets or fund balances at beginning of year$16,490,002$16,199,771$14,519,777$9,506,691$10,903,878$11,276,045$11,459,372
Other changes in net assets or fund balances$-662,672$-659,580$9,399$1,711,017$595,738$-520,594$-1,297,917
Statement of Functional Expenses (for 2007)
TotalProgram servicesManagement and generalFundraising
Total functional expenses$32,117,610$0$0$0
Grants paid from donor advised funds$0
Other grants and allocations$46,050
Specific assistance to individuals$205,216
Benefits paid to or for members$23,086,283
Compensation of current officers, directors, key employees, etc.$854,392$0$0$0
Compensation of former officers, directors, key employees, etc.$0$0$0$0
Compensation and other distributions, not included above, to disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)$0$0$0$0
Salaries and wages of employees not included above$1,857,498$0$0$0
Pension plan contributions not included above$120,724$0$0$0
Employee benefits not included above$1,715,614$0$0$0
Payroll taxes$253,724$0$0$0
Professional fundraising fees$0$0$0$0
Accounting fees$162,501$0$0$0
Legal fees$56,970$0$0$0
Postage and shipping$196,554$0$0$0
Equipment rental and maintenance$366,052$0$0$0
Printing and publications$123,592$0$0$0
Conferences, conventions, and meetings$44,500$0$0$0
Depreciation, depletion, etc.$0$0$0$0
Other expenses not covered above$1,900,362$0$0$0
Balance Sheets
Total assets$213,401,800$219,378,940$233,519,299$265,278,767$280,488,517$284,363,447$279,337,829
Cash - non-interest-bearing$2,000$2,000$2,000$2,000$2,000$2,000$2,000
Savings and temporary cash investments$1,252,209$1,997,282$4,915,977$2,197,044$3,782,541$5,760,916$1,789,424
Accounts receivable less allowance for doubtful accounts$0$0$0$0$0$0$0
Pledges receivable less allowance for doubtful accounts$0$0$0$0$0$0$0
Grants receivable$0$0$0$0$0$0$0
Receivables from current and former officers, directors, trustees, and key employees$0$0$0$0$0$0$0
Receivables from other disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)$0$0
Other notes and loans receivable less allowance for doubtful accounts$0$0$0$0$0$0$0
Inventories for sale or use$0$0$0$0$0$0$0
Prepaid expenses and deferred charges$0$0$978,715$1,009,779$950,380$831,582$69,013
Investments - publicly-traded securities$185,583,190$188,723,211
Investments - other securities$113,281,775$123,744,174$145,009,651$185,814,522$197,965,359$8,174,953$8,846,598
Investments - land, buildings, and equipment less accumulated depreciation$41,733$41,733$0$0$0$0$0
Investments - other$92,883,655$87,879,211$77,751,891$72,678,497$74,320,737$80,720,314$76,621,568
Land, buildings, and equipment less accumulated depreciation$2,675,729$2,456,323$2,350,000$62,877$0$82,834$45,309
Other assets, including program-related investments$3,264,699$3,258,216$2,511,065$3,514,048$3,467,500$3,207,658$3,240,706
Total liabilities$197,202,029$204,859,163$224,012,608$254,374,888$268,199,527$272,904,075$268,240,469
Accounts payable and accrued expenses$503,763$231,597$369,610$465,215$555,786$742,522$572,787
Grants payable$0$0$0$0$0$0$0
Deferred revenue$0$0$0$0$0$0$0
Loans from officers, directors, trustees, and key employees$0$0$0$0$0$0$0
Tax-exempt bond liabilities$0$0$0$0$0$0$0
Mortgages and other notes payable$0$0$0$0$0$0$0
Other liabilities$196,698,266$204,627,566$223,642,998$253,909,673$267,643,741$272,161,553$267,667,682
Total liabilities and net assets/fund balances$213,401,800$219,378,940$233,519,299$265,278,766$280,488,517$284,363,447$279,337,829
Total net assets or fund balances$16,199,771$14,519,777$9,506,691$10,903,878$12,288,990$11,459,372$11,097,360
Reconciliation of Revenue per Audited Financial Statements With Revenue per Return
Total revenue$31,001,032$31,247,130$38,194,203$53,797,444$44,392,749$38,614,536$33,053,515
Total revenue, gains, and other support per audited financial statements$30,265,531$30,385,171$37,244,641$52,950,946$43,534,814$37,583,988$31,970,744
Other expenses$0$0$0$0$0$0$0
Net unrealized gains on investments$0$0$0$0$0$0$0
Donated services and use of facilities$0$0$0$0$0$0$0
Recoveries of prior year grants$0$0$0$0$0$0$0
Other revenue$735,501$861,959$949,562$846,498$857,935$1,030,548$1,082,771
Investment expenses$0$861,959$949,562$846,498$857,935$853,881$912,386
Reconciliation of Expenses per Audited Financial Statements With Expenses per Return
Total expenses$30,628,590$32,267,544$43,216,690$54,111,269$43,603,373$37,910,616$32,117,610
Total expenses and losses per audited financial statements$29,893,089$31,405,585$42,267,128$53,264,771$42,745,438$36,566,999$30,633,794
Other revenue$0$0$0$0$0$0$0
Donated services and use of facilities$0$0$0$0$0$0$0
Prior year adjustments$0$0$0$0$0$0$0
Other expenses$735,501$861,959$949,562$846,498$857,935$1,343,617$1,483,816
Investment expenses$0$861,959$949,562$846,498$857,935$853,884$912,386
Current Officers, Directors, Trustees, and Key Employees
Average hours per week devoted to positionCompensationContributions to employee benefit plans & deferred compensation plansExpense account and other allowances
Total number of officers, directors, and trustees permitted to vote on organization business at board meetings9
Are any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, related to each other through family or business relationships?No
Do any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, receive compensation from any other organizations, whether tax exempt or taxable, that are related to the organization?No
Does the organization have a written conflict of interest policy?Yes
Other Information
Did the organization have unrelated business gross income of $1,000 or more during the year covered by this return, and has it filed a tax return on Form 990-T for this year?Yes
Was there a liquidation, dissolution, termination, or substantial contraction during the year?No
Is the organization related (other than by association with a statewide or nationwide organization) through common membership, governing bodies, trustees, officers, etc., to any other exempt or nonexempt organization?No
Direct and indirect political expenditures$0
Did the organization file Form 1120-POL for this year?No
Were substantially all dues nondeductible by members?
Did the organization make only in-house lobbying expenditures of $2,000 or less?
Dues, assessments, and similar amounts from members$0
Section 162(e) lobbying and political expenditures$0
Aggregate nondeductible amount of section 6033(e)(1)(A) dues notices$0
Taxable amount of lobbying and political expenditures$0
Does the organization elect to pay the section 6033(e) tax on the amount above?
If section 6033(e)(1)(A) dues notices were sent, does the organization agree to add the amount above to its reasonable estimate of dues allocable to nondeductible lobbying and political expenditures for the following tax year?
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities$0
At any time during the year, did the organization, directly or indirectly, own a controlled entity within the meaning of section 512(b)(13)?No
Amount of tax imposed on the organization during the year under: section 4911$0
Amount of tax imposed on the organization during the year under: section 4912$0
Amount of tax imposed on the organization during the year under: section 4955$0
Did the organization engage in any section 4958 excess benefit transaction during the year or did it become aware of an excess benefit transaction from a prior year?
Amount of tax imposed on the organization managers or disqualified persons during the year under sections 4912, 4955, and 4958$0
Amount of tax above, reimbursed by the organization$0
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction?No
Did the organization acquire a direct or indirect interest in any applicable insurance contract?No
Did the supporting organization, or a fund maintained by a sponsoring organization, have excess business holdings at any time during the year?No
Number of employees employed in the pay period that includes March 12, 200649
Analysis of Income-Producing Activities (for 2007)
Unrelated business incomeExcluded by section 512, 513, or 514Related or exempt function income
Business codeAmountExclusion codeAmount
Program service revenue
Program service revenue 1000000$000$0$16,461,051
Program service revenue 2000000$000$0$0
Program service revenue 3000000$000$0$0
Program service revenue 4000000$000$0$0
Program service revenue 5000000$000$0$0
Medicare/Medicaid payments000000$000$0$0
Fees and contracts from government agencies000000$000$0$0
Membership dues and assessments000000$000$0$0
Interest on savings and temporary cash investments000000$000$0$142,608
Dividends and interest from securities000000$000$0$9,598,557
Net rental income or (loss) from real estate
debt-financed property000000$000$0$0
not debt-financed property000000$000$0$0
Net rental income or (loss) from personal property000000$000$0$0
Other investment income000000$000$0$4,898,032
Gain or (loss) from sales of assets other than inventory000000$000$0$363,259
Net income or (loss) from special events000000$000$0$0
Gross profit or (loss) from sales of inventory000000$000$0$0
Other revenue000000$000$0$1,590,008
Information Regarding Taxable Subsidiaries and Disregarded Entities (for 2007)
EIN of corporation, partnership, or disregarded entityPercentage of ownership interestTotal incomeEnd-of-year assets
Compensation of the Five Highest Paid Employees Other Than Officers, Directors, and Trustees (for 2007)
CompensationContributions to employee benefit plans & deferred compensationExpense account and other allowances
Total number of other employees paid over $50,0000
Statements About Activities (for 2007)
Expenses paid or incurred in connection with the lobbying activities$0
Did the organization receive or hold an easement for conservation purposes, including easements to preserve open space, the environment, historic land areas or historic structures?
Did the organization provide credit counseling, debt management, credit repair, or debt negotiation services?
Did the organization maintain any donor advised funds?
Did the organization make any taxable distributions under section 4966?
Did the organization make a distribution to a donor, donor advisor, or related person?
The total number of donor advised funds owned at the end of the tax year$0
The aggregate value of assets held in all donor advised funds owned at the end of the tax year$0
The total number of separate funds or accounts owned at the end of the tax year (excluding donor advised funds included above) where donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts$0
The aggregate value of assets held in all funds or accounts included above at the end of the tax year$0
Reason for Non-Private Foundation Status
The organization is not a private foundation because it is
Support Schedule
Gifts, grants, and contributions received$0$0$0$0$0$0$0
Membership fees received$0$0$0$0$0$0$0
Gross receipts from admissions, merchandise sold or services performed, or furnishing of facilities in any activity that is related to the organization's charitable, etc., purpose$0$0$0$0$0$0$0
Gross income from interest, dividends, amounts received from payments on securities loans (section 512(a)(5)), rents, royalties, and unrelated business taxable income (less section 511 taxes) from businesses acquired by the organization after June 30, 1975$0$0$0$0$0$0$0
Net income from unrelated business activities not included above$0$0$0$0$0$0$0
Tax revenues levied for the organization's benefit and either paid to it or expended on its behalf$0$0$0$0$0$0$0
The value of services or facilities furnished to the organization by a governmental unit without charge. Do not include the value of services or facilities generally furnished to the public without charge$0$0$0$0$0$0$0
Other income$0$0$0$0$0$0$0
Lobbying Expenditures by Electing Public Charities (for 2007)
Total exempt purpose expenditures$0
Total lobbying expenditures$0
Total lobbying expenditures to influence public opinion (grassroots lobbying)$0
Total lobbying expenditures to influence a legislative body (direct lobbying)$0
Other exempt purpose expenditures$0
Lobbying nontaxable amount$0
Grassroots nontaxable amount$0
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Number of organizations performing similar types of work
District of Columbia2
North Carolina3
New Jersey6
New Mexico2
New York16
South Carolina2
South Dakota2
West Virginia4
Total272 is not associated with, endorsed by, or sponsored by Catholic Family Life Insurance and has no official or unofficial affiliation with Catholic Family Life Insurance